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Appalachian State University & Foundation Endowment Fund

Name: Appalachian State University & Foundation

Assets Under Management: $689.5 Million (Source: Appalachian State University & Foundation on 6/30/2012)

Annual Report: State of North Carolina Appalachian State University Boone, North Carolina Financial Statement Audit Report For The Year Ended June 30, 2012

Portfolio Insights: “Appalachian State University, a constituent institution of the multi-campus University of North Carolina System (UNC System), is pleased to present its financial statements for fiscal year 2012. These statements are prepared in accordance with standards issued by the Governmental Accounting Standard’s Board (GASB).

Investments of the University’s endowment funds are pooled, unless required to be separately invested by the donor. If a donor has not provided specific instructions, state law permits the Board of Trustees to authorize for expenditure the net appreciation, realized and unrealized, of the investments of the endowment funds.” (Source)

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Top Appalachian State University & Foundation Endowment Fund Headlines:

1) Two North Carolina schools were included on a U.S. News & World Report list of the country’s “most efficient” colleges and universities. In the “Regional Universities (South)” category, Appalachian State University was No. 1 and UNC-Wilmington was No. 4. The analysis looked at schools that scored well for undergraduate educational quality in the magazine’s 2015 Best Colleges rankings but that “spent relatively less on their educational programs to achieve that quality.” Specifically, U.S. News defined “operational efficiency” as an institution’s fiscal 2013 per-student financial resources — money spent on instruction, student services, research and related areas — divided by its overall 2015 Best Colleges score. Appalachian State, located in Boone, spent just under $163 per student for each point in its overall U.S. News score. UNC-Wilmington spent about $206. (Source)

2) Following a national search, Chancellor Sheri N. Everts has named Douglas Gillin director of athletics at Appalachian State University. He will begin his new duties April 6.

Gillin has been deputy athletics director at the University of Missouri since 2012, was assistant marketing director from 1999-97 and general manager of Mizzou Sports Properties from 1997-99. He also has held posts at Lehigh University and the University of New Mexico, in addition to managerial roles with ISP-Syracuse Sports Properties.

In 2002, he joined ISP Sports Winston-Salem and was named executive vice president in 2007. ISP Sports became part of IMG in 2010. IMG is the country’s leading collegiate multimedia, marketing and licensing/brand management company. Gillin was IMG-Winston-Salem senior vice president-college properties until 2012.

“I commend the search committee members for their hard work and welcome Doug to this amazing university,” said Chancellor Sheri N. Everts. (Source)

3) Appalachian State University (ASU) is a medium-sized university in Boone, North Carolina with an enrollment of around 17,000 students. It is a member institution of the University of North Carolina. The main campus of the university is situated on 410 acres, with an additional 900 acres of land holdings in the immediate area. The university holdings also include an off-campus center in New York City.

In addition to the numerous classroom, dormitory, and administration buildings, Appalachian State University is home to the Appalachian Cultural Museum, the Carol Grotnes Belk Library and Information Commons, a butterfly garden and wildflower garden, an art gallery, and the Turchin Center for the Visual Arts. (Source)

4) D. Terry Rawls will join Appalachian State University March 2 as executive director of educational outreach and summer programs. Rawls will be replacing Mary Englebert who retired in December 2014. He will be responsible for the activities, programs, and operations of the division, including the offices of distance education, conference and camp services and summer sessions and the North Carolina Center for Engineering Technologies. He also will serve as the director of distance education.

Rawls has been president of Strategic Transitions Group Inc. since 2013.

He was president of Patten University, an online degree-granting institution, from 2012-13. He was senior vice president and chief academic officer of Heald College, a for-profit institution, from 2010-12. He also has served as a vice chancellor at Jones International University and as president and academic dean of The College for Public Leadership, and has held various academic posts at Central Michigan University. (Source)

5) L. Allen Dobson Jr., M.D., president and chief executive officer of Community Care of North Carolina (CCNC), will be the speaker for the Blue Cross and Blue Shield of North Carolina Distinguished Lecture Series at Appalachian State University.

The event, sponsored by the College of Health Sciences and supported by Blue Cross and Blue Shield of North Carolina, will be held Friday, April 24, at 11 a.m. in the Holmes Convocation Center on campus. The lecture is free and open to the public.

Dobson will talk about the changing healthcare landscape in North Carolina and how CCNC helps the state improve care delivery and get more value for its healthcare dollar. (Source)

About Richard C. Wilson